Verizon adds Niddel to threat tech services, as machine learning becomes essential
Verizon Communications Inc. (NYSE: VZ) has acquired Niddel Corp., a provider of machine-learning-based security detection and response services. The deal comes as cybersecurity and protection against malware has becoming increasingly importation for enterprise businesses of all kind. Financial terms of the transaction were not disclosed.
Niddel Corp. offers security teams defensive technologies used to hunt cybersecurity threats before they strike. The San Mateo, California-based target “will soon be integrated into, and enhance, Verizon’s existing offerings, according to the buyer. The target’s premiere product, called Niddel Magnet, is a software-as-a-service threat hunting system that transforms millions of raw data and indicators of compromise into high confidence alerts. The program uses machine-learning tech to mimic the decisions made by an human analyst, before a human analyst is needed to make precise decisions.
“Using machine learning to improve information accuracy significantly reduces false positives and significantly improves our detection and response capabilities,” states Verizon executive director for security services Alexander Schlager.
Verizon plans to integrate Niddel’s Magnet software into its existing set of managed security services for enterprise customers. Verizon is a telecommunications company based in Basking Ridge, New Jersey offering wireless products and other related services. In 2016, the company sold its data-centers business to Equinix Inc. (Nasdaq: EQIX) for $3.6 billion in cash.
Other deals in the cybersecurity sector includes: KPMG’s purchase of Cyberinc; LLR Partners’ acquisition of cybersecurity software provider BluVector from Northrop Grumman Corp. (NYSE: NOC); Coalfire’s purchase of Veris Group; CA Technologies’ (Nasdaq: CA) buying of Veracode for $614 million in cash; Tenable Network Security Inc.'s purchase of IT security company FlawCheck Private Registry; and Accenture’s (NYSE: CAN) buying of Redcore, an identity and access management provider for computer networks.